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By Rob Bastin

GBP/USD exchange rates finished the day down by 0.35%. This was due some weaker than expected PMI data for the UK in the morning, combined with some better than expected jobless claims figures for the US in the afternoon. Tomorrow’s Uneployment and non-farm payroll releases for the US will be key for dollar exchange rates.

By Rob Bastin

After another terrible start to the week for Sterling, this morning has offered a rare positive day on the markets for the pound. Better than expected house price data from nationwide has seen GBP/USD exchange rates improve by 1% by lunchtime on Tuesday. Movements of this sort have been rare of late with pound experiencing a slow downward slide and therefore today could offer a good opportunity to buy US Dollars.

By Rob Bastin

The pound has continued its poor run of late with some heavy losses aginst the USD by lunchtime. GBP/USD exchange rates are down by 1% from the morning session, despite a 0.5% recovery from the low of the day. Many analysts have expressed concerns over the value of Sterling as the year comes to an end, with many predicting a continued slide into December. The Canadian dollar is one of the only currencies the pound has gained against this morning with an improvement of 0.45%.

By Rob Bastin

A week dollar in early session has allowed for the struggling pound to regain 0.75% against the US Dollar by 1pm on Monday. The pound had dropped 3 cents from last Wednesday against the greenback. Today offers no data for the UK, however Retail Sales figures for Canada are released at 1:30pm.  GBP/CAD exchange rates have already dropped by 0.5% this morning, any better than expected results foir this data could see the pound lose even further ground.

By Rob Bastin

Yesterday EU leaders met in Brussels ahead of the President Election decision. The front runners had been the Dutch Prime minister Jan Peter Balkenende, Belgian Prime minister Herman Van Rompuy, and our very own Tony Blair at outsider odds of 5/1. However late last night both Tony Blair and Jan Peter Balkenende ruled themselves out of the running late on leaving the Belgian Prime Minister Herman Van Rompuy as favorite, who as expected succeeded in becoming the EU’s first President. With Tony Blair dropping out, his replacement Baroness Ashton of the labour party secured the position as the EU’s highest representative on foreign affairs and security. Gordon Brown said that the move gave Britain ‘a powerful voice in Europe’ and the Baroness herself said she was ‘slightly surprised…. but deeply privileged’.